please help me The balance sheet of Fleck Management Consulting, Inc. at December 31, 2023, reported the following stockholders equity:(Click the icon to view the stockholders' equity section of the balance sheet)During 2024, Fleck completed the following selected transactiona:(Click the icon to view the transactions.)Read the reauirementaRequirement 1. Record the transactions in the general journal. (Record debits firat then credits. Select the explanation on the last line of the journal entry table.)Feb. 6: Declared a 10% stock dividend on the common stock The market value of Fleck's stock was $27 per shareDateAccounts and ExplanationDebitCreditFeb. 6 s.)Requirements1. Record the transactions in the general journal.2. Prepare a retained earnings statement for the year ended December 31,2024. Assume Fleck's net income for the year was $82,000.in thentry table.)n the3. Prepare the stockholders' equity section of the balance sheet at December31, 2024.untsPrintDoneDointes O f EData tableStockholders' EquityPaid-In Capital:Common Stock-$10 Par Value; 250,000 sharesauthorized, 26,000 shares issued and outstanding2$260,000Paid-In Capital in Excess of Par-Common370,000Total Paid-In Capital630,000Retained Earnings161,00024791,000Total Stockholders' Equity

The stockholders equity section represents the capital that belongs to the owners of the business.

Answered: Stockholders' Equity Paid-In Capital:…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter2: Basic Accounting Systems: Cash Basis

Section: Chapter Questions

Problem 10CDQ: Assume that as of January 1, 20Y8, Sylvester Con- suiting has total assets of $500,000 and total...

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Comprehensive The following are Farrell Corporations balance sheets as of December 31, 2019, and 2018, and the statement of income and retained earnings for the year ended December 31, 2019: Additional information: a. On January 2, 2019, Farrell sold equipment costing 45,000, with a book value of 24,000, for 19,000 cash. b. On April 2, 2019, Farrell issued 1, 000 shares of common stock for 23,000 cash. c. On May 14, 2019, Farrell sold all of its treasury stock for 25,000 cash. d. On June 1, 2019, Farrell paid 50, 000 to retire bonds with a face value (and book value) of 50, 000. e. On July 2, 2019, Farrell purchased equipment for 63, 000 cash. f. On December 31, 2019, land with a fair market value of 150,000 was purchased through the issuance of a long-term note in the amount of 150,000. The note bears interest at the rate of 15% and is due on December 31, 2021. g. Deferred taxes payable represent temporary differences relating to the use of accelerated depreciation methods for income tax reporting and the straight-line method for financial statement reporting. Required: 1. Prepare a spreadsheet to support a statement of cash flows for Farrell for the year ended December 31, 2019, based on the preceding information. 2. Prepare the statement of cash flows. (Appendix 21.1) Spreadsheet and Statement Refer to the information for Farrell Corporation in P21-13. Required: 1. Using the direct method for operating cash flows, prepare a spreadsheet to support a 2019 statement of cash flows. (Hint: Combine the income statement and December 31, 2019, balance sheet items for the adjusted trial balance. Use a retained earnings balance of 291,000 in this adjusted trial balance.) 2. Prepare the statement of cash flows. (A separate schedule reconciling net income to cash provided by operating activities is not necessary.)
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Stockholders' Equity Paid-In Capital: Common Stock-$10 Par Value; 250,000 shares authorized, 26,000 shares issued and outstanding 2$ 260,000 Paid-In Capital in Excess of Par–Common 370,000 Total Paid-In Capital 630,000 Retained Earnings 161,000 2$ 791,000 Total Stockholders' Equity